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Segment Information and Enterprise Reporting

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Segment Information and Enterprise Reporting

22. Segment Information and Enterprise Reporting

The Company’s chief operating decision maker, the CEO, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues by geographic region, for purposes of making operating decisions and assessing financial performance. Accordingly, the Company considers itself to be in a single reporting segment, specifically noninvasive patient monitoring solutions and related products. In addition, the Company’s assets are primarily located in the U.S. The Company does not produce reports for, or measure the performance of, its geographic regions on any asset-based metrics. Therefore, geographic information is presented only for revenues and long-lived assets.

The following schedule presents an analysis of the Company’s product revenues based upon the geographic area to which the product was shipped (in thousands, except percentages):

	Three Months Ended
	March 28, 2020							March 30, 2019
Geographic area by destination:
United States (U.S.)	$	189,519			70.3	%		$	156,668			68.0	%
Europe, Middle East and Africa	54,357				20.2			48,472				21.0
Asia and Australia	19,312				7.2			18,118				7.9
North and South America (excluding the U.S.)	6,437				2.3			7,290				3.1
Total product revenue	$	269,625			100.0	%		$	230,548			100.0	%

The Company’s consolidated long-lived assets (tangible non-current assets) by geographic area are (in thousands, except percentages):

	March 28, 2020							December 28, 2019
Long-lived assets by geographic area:
United States	$	226,197			89.2	%		$	216,650			98.5	%
International	27,282				10.8			3,276				1.5
Total long-lived assets	$	253,479			100.0	%		$	219,926			100.0	%

The Company possesses licenses from the U.S. Treasury Department’s Office of Foreign Assets Control for conducting business with certain countries identified by the State Department as state sponsors of terrorism. The Company does not have any subsidiaries, affiliates, offices, investments or employees in any country identified as a state sponsor of terrorism. In addition, the Company did not have any sales to customers in Sudan or Syria during the three months ended March 28, 2020 and March 30, 2019. However, the Company did have immaterial product sales to certain customers where such products were ultimately destined for Iran during the three months ended March 28, 2020 and March 30, 2019, but does not believe that such sales activities were material to its business, financial condition or results of operations.

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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